The NYU Stern Story The NYU Stern Story We have a long history of innovation and excellence 1831 NYU founded 1900 1916 1982 1999 2012 Undergraduate College founded Graduate Business Program Launched Executive MBA program is launched International Studies Program founded – 100% of Undergrads travel abroad Full-time MBA, Fall 2012: Avg GMAT 720; 40% international & dual citizens; 35% women; 13% underrepresented minorities 1900 1936 1988 2000 2008 First women matriculate Women comprise 15% of total enrollment Landmark gift from Leonard N. Stern. Consolidation of Facilities in Washington Square Park Stern, LSE and HEC partner to create TRIUM School authors: Solutions to Financial Crisis – Restoring Financial Stability With some of the greatest minds in business on our faculty: W. Edwards Deming (1946 – 1993) Peter Drucker (1950 – 1971) Michael Spence Robert Engle (2000 – present) (2010 – present) Thomas Sargent (2002 – present) to name a few… We’re proud of our history and very focused on the future “At the highest level, our mission is to develop ideas and leaders that transform 21st century problems into opportunities that create value for business and society. Breaking with tradition, we’re forward-looking in our approach—to change mindsets and broaden the perspectives of our students, and to shape the dialogue and direction of the global economy of the future.” Peter Henry, Dean, NYU Stern Assumed NYU Stern deanship on 1/15/10 Joined Stern from Stanford University Graduate School of Business, where he was the Konosuke Matsushita Professor of International Economics Member of the Board of Directors, National Bureau of Economic Research Nonresident Senior Fellow, Brookings Institution Member, Council on Foreign Relations Led Obama Transition Team’s review of International Monetary Fund, World Bank Rhodes Scholar, Oxford University Ph.D., Economics, Massachusetts Institute of Technology The Stern advantage is An Education in Possible An Education in Possible promises rigor in the classroom and engagement beyond the classroom in order to: 1. Change mindsets. 2. Promote disruptive thinking & experimentation to discover solutions. 3. Ensure an openness and broad thinking about ways to create value. How do we deliver An Education in Possible? Through our deep commitment to four core values: 1 THE ENERGY OF A GLOBAL HUB Our classroom, where an Education in Possible takes place, integrates the energy of NYC and NYU's global hubs into our academic environment. Nowhere but at Stern can students experience such dynamic interactions between the world's leading businesses, influential policymakers and the cultural richness of NYC and cities around the world. Our locational endowment creates the opportunity to access an unparalleled, far-reaching network of support and a wealth of resources to bring ideas to life. 2 COLLABORATIVE COMMUNITY Our culture of an Education in Possible is brought forth by the power of collaboration to inspire and drive students to create collective impact. Stern's uniquely collaborative community provides students with an abundance of leadership opportunities, team roles, clubs and cohorts to foster a culture of shared learning and doing. 3 IQ & EQ Our fuel of an Education in Possible is a community comprised of people who have both intellectual and interpersonal strengths. Stern actively brings together individuals who are naturally inclined to think big and inspire others to take action. 4 ACADEMIC EXCELLENCE Our foundation of an Education in Possible comes not just from knowing the right answers, but also from asking the right questions. By challenging the limits of business and pursuing the possibilities of what it can achieve, students gain a unique view of their potential to affect positive change. Taught by one of the largest and best faculties in the world, students develop a deeper set of skills and a broader perspective on how business can create value in the world. And that’s what sets us apart. Stern is world renowned for… Exceptional Student Quality #7 #5 720 1456 In the world for FT MBA application volume** Full -time MBA selectivity (US News ‘13) Average GMAT score* Excellent Source of Talent 1,200 # of companies that source talent from Stern annually 500 # of CEOs that are Stern Alumni program ranks #1 for feeding students to hedge #1 MBA funds; Undergraduate program ranks #2 (HFObserver ’11) Average Undergraduate College SAT (M+V) score (Fall 2011 incoming freshmen; as of Aug ’11) Thought leadership and expert opinion Leadership in Academics & Research #3 #5 #9 #10 #10 #10 #6 in Finance in International in Accounting in Marketing 23 # of times we are in the news each day #6 world rank for number of studies published #2 For Finance 3 Active Nobel Laureate faculty #3 For Luxury Marketing (2011-2012) (FT ’13) (FT ’13) in Nonprofit in Information Systems in the world for research productivity (Univ. of Texas at Dallas ‘07-’11) Source: US News & World Report ‘14 (BestMasters.com 2011/2012) Executive Programs #6 Rank for Executive MBA #3 TRIUM Global Executive MBA (US News ’14) Diversity* 35% 40% 13% Percentage of Women Percentage of international students + dual citizens (FT ’12) Placement of PhDs Percentage of underrepresented minorities *Full-time MBA enrolled, fall ’12 **From the top 20 schools ranked by Businessweek ’10 #5 in the world for placing PhDs in top B-schools (FT ’13) Our Alumni Network is 100,000+ Strong In over 100 countries 67 regional groups (25 domestic / 42 international) Our Areas of Study Information, Operations & Management Sciences Finance Corporate finance Behavioral finance Hedge funds Private equity Restructuring Finance Data mining Outsourcing Social networks E-commerce Statistics Information Systems & Operations Management Marketing Accounting Luxury & retail Consumer behavior Branding Pricing Entertainment, Media & Technology Sports marketing Entertainment industry (global) Business of film producing Accounting Marketing Economics Entertainment, Media & Technology Economics Entrepreneurship & Innovation Social enterprise Start-ups Corporate social responsibility Venture capital Business & Society Corporate Governance Corporate Social Responsibility Managerial Ethics Professional Responsibility & Leadership Intangible assets Fair value/mark-to-market Forensic accounting Financial accounting standards Management & Organizations Entrepreneurship & Innovation Business & Society Monetary policy Central banking Global business environment Economic forecasting Emerging markets Management & Organizations Leadership Organizational change Conflict and negotiation Management Communication Strategy Game Theory Our Faculty Our Programs Our Students Our Alumni Our Partners Our Faculty We have recognized thought leaders in all areas of business Corporate Governance William Allen Bankruptcy Edward Altman Innovation & Entrepreneurship William Baumol Here are some whose names have Game Theory become synonymous Adam Brandenburger with their field of study… Hedge Funds Stephen Brown Macroeconomics Thomas Cooley Valuation Aswath Damodaran Economic Growth Michael Spence Network Effects & Telecommunications Nicholas Economides Portfolio Theory Consumer Psychology Ned Elton Priya Raghubir Portfolio Theory Martin Gruber Intangible Assets Baruch Lev International Economics Nouriel Roubini Investment Banking Roy Smith Financial Historian Richard Sylla Risk Management Ingo Walter Organizational Change Batia Wiesenfeld Urbanization & Development Paul Romer Executive Compensation David Yermack Judgment & Decision Making Justin Kruger Entertainment Industry Al Lieberman Globalization of Entertainment Sam Craig Brand Management & Strategy Russ Winer Advertising & Pricing Tülin Erdem Executive Compensation Xavier Gabaix Volatility Robert Engle Digital & Luxury Marketing Scott Galloway Shareholder Activism April Klein Our Faculty Stern Faculty On The Global Financial Crisis 33 Stern professors developed 18 policy white papers in 6 weeks (fall ’08) Book #1 published by Wiley: “Restoring Financial Stability: How to Repair a Failed System” (Mar ’09) Book launch with alumni and business community (March ’09) MBA Course taught (Feb - Mar ’09) Book #2 published by Wiley: “Regulating Wall Street” (Nov ’10) Book #3 published by Princeton University Press: “Guaranteed to Fail: Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance” (Mar ’11) Op-eds authored: 285 (‘08-’09); 397 (’09-’10) & 496 (’10-’11) & 524 (’11-’12) News stories: 11,000+ (’08-’09); 9,000+ (’09-’10) & 9,400 (’10-’11) & 8,351 (’11-’12) Ongoing research Our Faculty Three Noble Laureates NYU Stern has three Nobel Prize winners who are active on the faculty. Michael Spence 2001 Nobel Prize Winner William R. Berkley Professor of Economics & Business Robert Engle Thomas Sargent 2003 Nobel Prize Winner 2011 Nobel Prize Winner Michael Armellino Professor of Management & Financial Services Director, Volatility Institute William R. Berkley Professor of Economics & Business Our Faculty Rising Faculty Stars Xavier Gabaix has been awarded The Fischer Black Prize, considered one of the most prestigious awards among scholars in the field of Finance. Established in 2002 and awarded biennially by the American Finance Association, the prize is given to an individual researcher under the age of 40 for a body of original work that is relevant to Finance practice. As noted by the selection committee, Xavier has made many highly original contributions on a number of subjects in Financial Economics, notably on the level of compensation of corporate executives and behaviorally influenced decision making and its influence on asset markets. Alexander Ljungqvist received the 2011 Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship. This award is also given biennially to a researcher under 40 years old, who has made a significant contribution to the literature in entrepreneurship. Social Science Research Network rates NYU Stern #1 among the top 500 US business schools for new downloads of research within the past 12 months (September, 2012). NYU Stern is the only business school in the world with three Nobel Prize winners who are active on the faculty. Nouriel Roubini, Paul Romer and Jonathan Haidt made Foreign Policy’s 2012 list of the “Top 100 Global Thinkers” (December, 2012) Our Programs Undergraduate College Full-time MBA Langone Part -time MBA Executive MBA TRIUM Global Executive MBA PhD Program Executive Education Our Programs The Undergraduate College Cutting Edge Curriculum We educate and inspire a community of sociallyengaged, intellectually vibrant, global leaders and thinkers Business + broad-based liberal arts Social Impact core #5 in US News & World Report (since 2004) for Best Undergraduate Business Education Global Innovation More than half of students spend one or more semester abroad Through the Barr Family International Studies Program and the Business and the Political Economy degree, every student is ensured a global experience Access to NYC Nearly 90% of students take advantage of local internships Cohen Arts & Culture Experience leverage city each week Updated Fall 2010 Our Programs The Full-time MBA Program Customizable Coursework We integrate academic rigor with the opportunities of NYC to prepare students for life-long career success More than half of courses are electives Specialize in up to 3 areas out of 20+ Study abroad or “Doing Business In…” programs Real-world Learning Stern Consulting Corps Industry Mentoring Initiative Recruiters Value Stern Students 130+ companies employed Stern MBAs in full-time roles in ’10-’11 School of choice across industries Nearly 70% of graduates secure jobs through school resources (May ‘11 grads) Our Collaborative Approach Sets Us Apart Community culture Cultivating world leaders Our Programs The Langone Part-time MBA Program We tailor our program delivery for working professionals Best Reputation in the Country Consistently top ranked* Unbeatable Flexibility Weeknights, weekends or Westchester options 2-6 year program Intensive courses over holiday breaks at Washington Square or abroad Ramp up or slow down as needed *US News & World Report Our Programs The Executive MBA Program We provide a global business education that is academically rigorous and enhances the knowledge and skills of experienced professionals MBA Designed for Experienced Professionals Rigorous general management curriculum with broad choice of electives Multiple specializations, including finance and leadership Classes held Friday and Saturday every other week, over 22 months Global Approach in a Domestic Setting Two global business core courses that take place in emerging markets All courses infused with a global focus Accomplished Peers Average of 14 years of work experience Many students enter with an advanced degree Diverse industries and international backgrounds Our Programs The Global Executive Degree Programs TRIUM Global Executive MBA Top Ranked, Groundbreaking Alliance We prepare executives to meet the growing demand for global expertise MBA degree issued jointly with HEC Paris and London School of Economics #3 in world in Financial Times ’12 ranking Modular format with unique global socio-economic and political context Senior level global executives, average age 40 Master of Science in Global Finance Accelerate Your Global Finance Career Joint degree with Hong Kong University of Science and Technology (HKUST) One-year, modular program for fast-track finance professionals, average age 34 Classes held in Hong Kong, Beijing and New York Master of Science in Risk Management for Executives Realize a Return on Risk Stern Master Degree Modular format with classes held in New York, Amsterdam and Hong Kong Senior level global executives, average age 40 Our Programs The PhD Program We develop candidates into productive and Influential scholars Research Prowess Resources of major research institution Placement Record Graduates placed at top 50 business schools Ranked #5 in Financial Times ’13 rankings, measuring quality of placement Our Programs Executive Education We design, develop and deliver programs that result in enhanced individual and organizational effectiveness Our Process Our experiential programs overlay best practice on relevant faculty research, frameworks and tools. Participants leave with learning and new insights they can apply immediately to their challenges at work. Open Enrollment Programs Short two- to five-day programs in Management, Finance and Marketing and Innovation held at NYU Stern that provide just-intime learning and minimize time away from the office. Custom Programs Highly tailored initiatives for senior executives and high potentials in global organizations that deliver measurable results Our Students "The professors are worth listening to for hours and days.” Oene de Hek, Executive Master of Science in Risk Management, 2011 "The exposure to partners and to the heads of companies because we're in New York is just completely unprecedented” April Wirtz, Full-time MBA, 2011 "I’m gaining skills that will enable me to become a better business leader.” Jennifer Langton, Executive MBA, 2012 "Stern has given me unparalleled opportunities to learn about business and society throughout the world" Earl Roach, BS, 2012 "Having classes around the corner from my office makes juggling work, life and school feasible.” Teal Tigner, Part-time MBA, 2010 “Being only blocks away from Wall Street affords tons of unique opportunities and realworld learning experiences.” Scott Gamm, BS, 2014 “It feels as if Stern had busy executives like me in mind when they designed the [Executive MBA] program.” Joy Dellapina, Executive MBA, 2010 “The amount of diversity is one of the most unique things about Stern“ Chirag Sadana, Part-time MBA, 2012 “I believe that TRIUM was a key in my becoming a CFO.” Pascal Bouchiat, TRIUM Executive MBA, 2006 “Being a part of such a large population of female business students [is] very empowering.” Kallie Glanville, Full-time MBA, 2010 Our Alumni Composition More than 100,000 strong In 100+ countries Include more than 500 CEOs Enjoy life-long career services Some of Our Partners Our Partners Stern Provides Companies Provide Access to new ideas and top talent Research funding and data Education and training for current employees Recruitment opportunities Source of students and clients for executive programs Opportunities to enhance firm reputation and brand build Opportunities to cultivate focused alumni communities Funding support Convenient access to Stern community via NYC location Opportunities to enhance firm reputation and brand build Our Partners “I recruit Stern MBA students because they…” “ “ Have a depth and breadth of academic training. Have a good balance of technical and interpersonal skills. ” “ Tend to be especially savvy in the business world. “ ” “ “ ” “ Are passionate and real, and not just theoretical thinkers. Are well-rounded individuals who understand the importance of teamwork. ” Are humble and confident. ” ” Able to understand the big picture, but also able to get dirty with details. ” Academic Excellence Academic Excellence Collaborative Community IQ + EQ IQ + EQ Energy of a Global Hub